Singtel says not considering divesting from Australia's Optus [Yahoo! Finance]
SINGAPORE TELECOM S/ADR (SGAPY)
NASDAQ:AMEX Investor Relations:
singtel.com/about-us/investor-relations/relations
Company Research
Source: Yahoo! Finance
AFR had earlier reported on Tuesday that Optus executives were exploring options including selling off the company's enterprise and business divisions. Optus is a wholly owned subsidiary of Singapore Telecommunications, commonly referred to as Singtel. "Singtel views its stake in Singtel Optus Pty Limited as strategic and believes in the long-term outlook of the Optus business," the company said in a statement. Sydney-based Optus, which drew public ire after a 12-hour network blackout affected over 10 million Australians in November, is also facing a class action lawsuit over a massive 2022 data hack. (Reporting by Poonam Behura in Bengaluru; Editing by Shweta Agarwal and Tasim Zahid)
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News
- UPDATE 1-Singtel confirms no intention to divest Australian telco Optus [Yahoo! Finance]Yahoo! Finance
- Should You Be Adding Singapore Telecommunications (SGX:Z74) To Your Watchlist Today? [Yahoo! Finance]Yahoo! Finance
- TSX futures signal subdued start as traders await more rate cut cues [Reuters]Reuters
- Singtel Surges After Report of $11 Billion Optus Sale Talks [Financial Post (Toronto, Ontario, Canada)]Financial Post
- SingTel shares jump 4% before being halted after media report on Optus sale [Reuters]Reuters